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Covid-19: UAE reports 4,051 new recoveries

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced on Saturday that it conducted 174,172 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

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Biden chooses pragmatic path for regulatory reform

Amid the flurry of new executive orders and memoranda signed by President Joe Biden on his first day in office, there’s a sleeper. It’s called Modernizing Regulatory Review, and it’s exceedingly important. Crucially, the memorandum affirms the long-standing process managed by the Office of Information and Regulatory Affairs (OIRA), which includes a significant role for cost-benefit analysis. At the same ...

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Amazon has power over Parler, others

A federal district court has refused to order Amazon Web Services (AWS) to restore service to Parler, the right-wing Twitter alternative that the web hosting service took down on January 10, in the aftermath of the storming of the US Capitol. The decision highlights the very limited legal options available to social media platforms if the major web hosting services ...

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Google may regret its Australia search threat

Google’s threat to disable its search engine in Australia is a misguided attempt to protect $17 billion in annual revenue. It merely exposes the online advertising giant to far more severe repercussions. The Alphabet Inc unit’s warning was a response to legislative efforts to force it to pay Australian news organisations for their stories. But regulators and lawmakers around the ...

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Navalny understands Putin’s weakness

Russian opposition leader Alexey Navalny understands Vladimir Putin’s fundamental weakness. Flouting the rule of law denies Russia’s president the legitimacy he claims and the strength legitimacy could provide. But it’s also what helps keep him in office. As the two engage in battle, this weakness is on full display. It will continue to plague Putin regardless of the outcome. In ...

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Airbus slows production ramp-up over Covid-19

Bloomberg Airbus SE slowed the pace of a planned ramp-up in jetliner production, after a global surge in coronavirus cases dealt a fresh blow to demand. Output of the A320-series narrow-body, Airbus’s best-selling model, will now rise gradually to 45 per month through the fourth quarter, the European planemaker said in a statement. It had previously targeted a faster jump, ...

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Walmart expands its vaccination effort in US

Bloomberg Walmart Inc plans to offer Covid-19 vaccines in at least seven additional states in the coming days, significantly expanding the availability of shots as the US grapples with a slower-than-expected rollout. The world’s largest retailer, which had already been providing inoculations to eligible people in New Mexico and Arkansas, will broaden the effort to select stores in Georgia, Indiana, ...

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KLM to slash 1,000 more jobs

Bloomberg Air France-KLM’s Dutch arm is cutting as many as 1,000 jobs on top of 5,000 shed last year in a sign the resurgence of Covid-19 cases in Europe is pushing airlines to take more drastic measures to survive the pandemic. The workforce needs to be reduced because a recovery in air travel is taking longer than initially expected, KLM ...

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Norwegian wins state backing for slimmer survival plan

Bloomberg Norwegian Air Shuttle ASA won state backing for its slimmed-down restructuring plan, boosting the bankrupt carrier’s bid to attract new investors and exit insolvency proceedings. The Norwegian government said that it will participate in a hybrid loan for the airline, provided enough outside capital is raised and the restructuring plan receives court approval. The expression of support comes a ...

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United sinks over travel rebound uncertainties

Bloomberg United Airlines Holdings Inc sank after failing to forecast when a demand rebound would improve results, about a week after Delta Air Lines Inc. said a profit was in reach by the third quarter. This year will serve as a “transition” after the collapse in travel demand because of the coronavirus pandemic, United said as it reported fourth-quarter earnings. ...

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